Pros and cons of Obamacare

Since Obamacare – officially, the Patient Protection and Affordable Care Act – is front and center for this year’s presidential election, you might want to take a look at the pros and cons. Reddit.com does, in great detail.

Already in effect

Insurers can no longer discriminate against past domestic abuse victims.

10% tax on tanning booths.

Percentage limit on how much insurers can profit.

In 2013

Taxes rise 0.9% for those who make more than $200,000 a year, or just under a penny on the dollar.

In 2014

Even those who don’t get insurance will be charged for it.

Small businesses will get tax credits for two years, generally those with 25 or fewer employees.

Congress and its staffs get the same coverage as the rest of us. A separate Federal Insurance is gone.

New taxes on pharmaceutical and insurance companies.

Other requirements phase in through 2020. If you want to read the entire explanation, click on http://www.reddit.com/tb/vbkfm